New Issue: Morgan Stanley sells $303,000 market-linked leveraged upside participation notes

By William Gullotti

Buffalo, N.Y., May 17 – Morgan Stanley Finance LLC priced $9.415 million of 0% market-linked securities – leveraged upside participation and fixed percentage buffered downside due Jan. 20, 2023 linked to the KraneShares CSI China Internet ETF, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 150% of any gain, subject to a maximum return of par plus 23%.

Investors will receive par if the ETF falls by up to 12.5% and will be exposed to any losses beyond the buffer.

Wells Fargo Securities, LLC and Morgan Stanley & Co. LLC are the agents.

Issuer:	Morgan Stanley Finance LLC
Guarantor:	Morgan Stanley
Issue:	Market-linked securities – leveraged upside participation and fixed percentage buffered downside
Underlying ETF:	KraneShares CSI China Internet ETF
Amount:	$303,000
Maturity:	Jan. 20, 2023
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 150% of any gain capped at 23%; par if ETF falls by up to 12.5%; 1% loss for each 1% decline beyond 12.5%
Initial level:	$50.42
Buffer level:	$44.1175; 87.5% of initial level
Pricing date:	Oct. 15, 2021
Settlement date:	Oct. 20, 2021
Agents:	Wells Fargo Securities LLC and Morgan Stanley & Co. LLC
Fees:	2.125%
Cusip:	61773FU35

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.